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Polish markets see biggest 1-day drop since 2008

Polish markets see biggest 1-day drop since 2008

Poland's leading stock market indexes have fallen more than 7 percent, their sharpest one-day drop since 2008.
The WIG-20 index dropped about 8 percent in the afternoon but then rallied a bit to recover some of its value. It was down more than 7 percent, at 2,216 points, shortly after 5 p.m. Other indexes showed similar drops.
The Polish currency, the zloty, also weakened against the euro, dollar and Swiss franc.
Poland, the largest of the new European Union members, was the bloc's only country to avoid recession in 2009, though its growth did slacken.
Now Polish leaders worry that growth projected at 4 percent for this year could suffer a setback due to new financial turmoil in Europe and beyond.